Adani Green Exits Controversial Renewable Energy Project in Sri Lanka

14 Feb 2025 CW Team

Adani Green has withdrawn from a renewable energy project in northern Sri Lanka on February 12, 2025, amid on-going concerns from locals and a legal challenge regarding its approval and potential environmental impact. This move represents a significant retreat for the Adani Group from its regional investment plans in the wake of local opposition.

The renewable energy wind farm project, located in the northern towns of Mannar and Pooneryn, was initially approved by the Gotabaya Rajapaksa administration in 2022 without a competitive bidding process. Despite this approval, the project faced significant opposition from local residents, environmental activists, and political groups, who raised concerns about its environmental consequences, particularly the potential threat to a key bird migration corridor. The project had been under legal scrutiny, with the Supreme Court being involved in reviewing the matter.

The Adani Group had been in protracted discussions with the Ceylon Electricity Board for over two years regarding the 484 MW wind farm, which had an expected investment of around $1 billion. However, following the Sri Lankan government's recent decision to appoint a committee to renegotiate the terms of the project, Adani Green chose to withdraw, stating its respect for Sri Lanka’s sovereign rights and decisions.

This withdrawal comes as a victory for Sri Lanka’s President Anura Kumara Dissanayake, who had promised to cancel the project during his election campaign in September 2024, citing corruption concerns. However, his government had later shown willingness to renegotiate the deal.

Despite pulling out of the wind farm project, Adani Group is proceeding with the development of the West Container Terminal at the Colombo port, in partnership with the Sri Lanka Ports Authority and John Keells Holdings.

News source: The Hindu

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..